Connect with us

News

Wari’s CEO Joins Dangote, Ovia on US-Africa Business Center Board

Published

on

Kindly share this post

Wari, a digital solutions group, has joined the US‑Africa Business Center (USABC) initiated by the US Chamber Of Commerce.

Kabirou Mbodje, Wari’s CEO and founder, will also sit on the Center’s Board of Directors.

“Wari is extremely proud to join the US-Africa Business Center. The move demonstrates the growing international reach of our business activities and the economic vitality on the African continent. Africa is now shaping the economy of the future, especially in the digital environment,” said Mr Mbodje.

The US-Africa Business Center Board of Directors includes Aliko Dangote (Nigeria), Maria Abrantes (Angola), Aigboje Aig-Imoukhuede (Nigeria), Kenny Odogwu (Nigeria) and Jim Ovia (Nigeria).

With four representative offices in Dakar, Abidjan, Lagos and Accra, it is increasingly active in Africa. It has three main goals: promote intra-regional trade in Africa, help US companies gain a foothold and grow in Africa, and assist African companies in extending their international reach and integration in the North American market.

“We are proud to have Wari and its founder, Kabirou Mbodje, join the US-Africa Business Center. Wari’s business model offers an innovative solution to meet much of the need for structure in African economies; it echoes our own drive to support the digital transformation in the continent’s economies,” said Scott Eisner, president of the US-Africa Business Center and senior vice president at the US Chamber of Commerce.

Incorporated in 2008, Wari offers a unique digital platform that plays a central role in the uberization of African economies and financial inclusion in the region.

Wari’s solutions provide a cost-effective platform to meet daily needs for as many people as possible, covering bill payments, airtime purchases, insurance, pensions, scholarships and salaries. Wari has 212 million users and handles one million transactions a day (representing more than $6 billion annually) via 500,000 agents and 152 partner banks in more than 60 countries.

Wari was established in Dakar, Senegal, in 2008. The company aggregates versatile, digital solutions that span a wide array of everyday financial and non-financial transactions.

Examples include payments, airtime purchases, pensions, scholarships, salaries and money transfers. Wari handles one million transactions a day, representing more than $6 billion a year, with annual growth of 15%. With 500,000 agents and 152 partner banks, Wari has 212 million users and has created 45,000 direct jobs, including 18,000 in Senegal.

Wari is a leading player in West Africa and a catalyst for financial inclusion in the region. It is currently expanding its platform in the international market, with a presence in 60 countries, driven by the belief that digital technology in Africa can spur growth and deliver global solutions.

In 2017, Wari announced an agreement to buy Senegal’s second-largest mobile phone company, TIGO, and is in the process of acquiring SIAB bank in Togo.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

News

Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

Published

on

Kindly share this post

Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.

Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

Participants at the event

Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,

This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.

While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.

Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.

It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.

Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.

Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.

 

 

 

 

 

 

 

 

 


Kindly share this post
Continue Reading

News

As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

Published

on

Kindly share this post

While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.

As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.

It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.

“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.

The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.

Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.


Kindly share this post
Continue Reading

News

President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman

Published

on

Kindly share this post

President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.

Jim Ovia

Jim Ovia

Ovia’s appointment is contained in a State House statement titled, ‘President Tinubu appoints Jim Ovia as Chairman of the Nigerian Education Loan Fund,’ and issued on Friday by Ajuri Ngelale, special adviser to the President, Media & Publicity.

The statement noted that “Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.

“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.”

The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.

The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.

“The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds,” the statement partly read.

Ovia’s appointment will also ensure “that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”


Kindly share this post
Continue Reading

Trending